on IBC Advanced Alloys Corp. (CVE:IB)
IBC Advanced Alloys Announces Convertible Funding Agreement with Lind Partners
IBC Advanced Alloys Corp. has finalized a convertible security funding agreement with Lind Global Fund III, LP, managed by The Lind Partners. The agreement entails issuing a Convertible Security with a principal of US$1,250,000 and a prepaid interest of US$250,000. The total face value amounts to US$1,500,000 with a 24-month term. The conversion price per share is set at C$0.205.
The agreement allows Lind to reinvest up to an additional US$1,250,000. IBC is required to make monthly repayments on the face value, with options for conversion into common shares. Issuance is under private placement rules with a four-month hold period. The closing is expected around February 20, 2026, pending regulatory approvals. The funds will support IBC’s working capital and corporate purposes.
R. P.
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